Batteries will allow more solar and wind to meet demand — even when the sun isn’t shining or wind isn’t blowing, helping end the era of fossil fuel dominance on the grid by mid-century, BNEF said. Battery prices are expected to fall to $70 a kilowatt-hour by 2030, down 67 percent from today, according to the report. BNEF expects 1,288 gigawatts of new batteries to be commissioned by 2050.

“It’s a matter of ‘when and how’ and not ‘if’ wind, solar and battery technologies will disrupt electricity delivery all over the world,” Seb Henbest, lead author the report, said in an interview.

Ceylon Graphite Corp. (“Ceylon Graphite”or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announced the discovery of two new large graphite veins at a depth of over 200 ft at their K1 site.Read More ⇒